Director of Commercial Real Estate, Nick Fichera, represented the Buyer.
Located in a quickly improving pocket at the intersection of Silverlake and Virgil Village, we helped secure this warehouse for our Creative Media Production Client (among 10 competing offers). Priced out of the DTLA Arts District, we found them another solution….a building that could be converted to Creative Office Use. Once complete, our Client will not only have a rad creative space but a great investment with instant equity. We can’t wait to see the final product….stay tuned for renovation pics!
Constructed in 1957, the property was originally used to manufacture stainless steel cookware. Fast forward nearly 60 years and 1109 N Virgil found itself situated in the midst of an economic and diversity boom that has no signs of slowing down. Located at the boundaries of vibrant Silver Lake, the property is just blocks away from Sunset Junction (Santa Monica and Sunset Boulevards) which is the urban center of what has been named Los Angeles’s Best Big-City Neighborhood by CNNMoney (2013), America’s Best Hipster Neighborhood by Forbes (2012), 15 Coolest Neighborhoods in the World by Vogue (2014), and the list goes on. Two blocks to the west is the award-winning Vermont/Santa Monica Metro Station (designed by the architecture firm Ellerbe Becket) which provides excellent transportation ingress and egress to and from Hollywood, Los Feliz and downtown Los Angeles. Additionally, four prominent Hollywood studios are located within minutes of the property. Most recently occupied by a clothing manufacturing company on a month-to-month tenancy, 1109 N Virgil offered versatile options for the new owner to work on conversion plans while collecting temporary rental income. With its strong bones, high ceilings and loft space, the property is well suited to be converted into a creative office space. Excellent frontage along Virgil Avenue provides the new owner opportunity to install highly visible signage.
1109 N Virgil Ave, Los Angeles, CA 90029
Creative Office Conversion / 6223 sq. ft. / 6042 sq. ft. lot